What Is the Generation-Skipping Transfer Tax?
Takeaways The generation-skipping transfer (GST) tax applies primarily to very large estates that transfer wealth to grandchildren (or unrelated individuals 37.5+ years younger), ensuring at least one layer of transfer tax is paid. The new One Big Beautiful Bill Act...
When to Fire a Trustee
Takeaways A trustee is a crucial position with significant responsibilities, and while they are chosen for their trustworthiness, they can be removed if they fail to uphold their duties. The authority to remove them may rest with the creator of the trust, the...
Planning for Low Affordability: Strategies for Homebuyers
Takeaways Amid record-high home prices and low affordability, the dream of homeownership is deferred for younger generations, pushing the median age of a first-time buyer to 40. Older generations hold a significant advantage, often buying homes with cash or large down...